WeedLife News Network
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Tax Changes Could Unlock 'Hundreds Of Millions In Cash Flow' For Cannabis Sector, Experts Predict Image Cannabis NewsOctober 9, 2024 Aaron Grey said at Benzinga's Cannabis Capital Conference that the removal of 280E will be transformative for cannabis operators. “The fall of 280E will be the single most impactful moment for cannabis operators in de
California's New Hemp Rules Could Reshape Cannabis: 'A Different Set Of Rules In Every State' Image Cannabis NewsOctober 7, 2024 California's new restrictions on the sale of hemp products have sparked debate within the cannabis community. As California moves forward with emergency regulations on hemp, concerns are growing about the potential conseq
Cannabis In Europe: From Marijuana Busts To New Industry Partnerships, Here's What's New In Poland, Greece And UK Image Cannabis NewsOctober 7, 2024 Hemp&Health agreed to acquire a 5% stake in the Portuguese company Hibisco Discreto, which owns the Voyager Genetics brand. New Polish And Portuguese Hemp Partnership Hemp&Health, a Polish medical cann
NY Cannabis Market Soars To $654M But Equity Licensees Are Left Behind, Report Finds Image Cannabis NewsOctober 4, 2024 Despite increasing revenue, over 200 retail license holders, especially social equity programs, remain in limbo. A report filed with the New York State Legislature on Oct. 1 by the Office of Cannabis Management (OCM) and the Canna
Ohio Cannabis Market Soars To $76M In Less Than 2 Months But Michigan Remains The Leader Image Cannabis NewsOctober 3, 2024 When Ohio recreational cannabis shops officially opened their doors on Aug. 6, sales zoomed to over $22.5 million in the first 12 days. Ohio's recreational marijuana industry is gaining momentum, with sales reaching $76.3 mill
Colorado among states with biggest decline in cannabis tax revenue as more states legalize Image Cannabis NewsOctober 3, 2024 Colorado's marijuana sales and tax revenue are back on the decline after a hopeful end to 2023, indicating there's more fueling the market than simply recovering from the pandemic. The falling demand is largely due to two ma
UK Could Net Up To $12.6B Annually From Cannabis Legalization Image Cannabis NewsOctober 2, 2024 Cannabis legalization in the UK could generate $4.38 to $12.6 billion in annual tax revenue, according to a report by advocacy group CLEAR. The United Kingdom could generate between $4.38 billion and $12.6 billion annually in tax revenue by legalizing a
Cannabis Company TerrAscend Secures Second And Final $26M Loan, Reduces Debt In Michigan Image Cannabis NewsOctober 2, 2024 TerrAscend Corp. cannabis company announced that it has completed the second and final draw of $26 million as part of its $140 million senior secured term loan. The loan, managed by FocusGrowth Asset Management, LP, was initia
Slipping Weed Sales In Florida's Market: Is This $100M Bet Really Worth The Hype? Image Cannabis NewsOctober 2, 2024 Despite pouring millions into the push for adult-use cannabis legalization, Florida's cannabis market is showing signs of strain. According to a recent report from Beacon Securities, financial backing for the legalization campaign ha
Pesticide-Free Food Tastes Better—Wait Until You Try Clean Cannabis This Autumn Image Cannabis NewsOctober 1, 2024 As consumers embrace pesticide-free food for its health and taste benefits, Autumn Brands is bringing similar clean practices to cannabis. The women-owned, family-operated company based in Santa Barbara California is setting new standa
Rhode Island Officials Consider Letting Marijuana Packages Have More Color Image Cannabis NewsOctober 1, 2024 Drive along the highway and you'll see plenty of big, attention-grabbing billboards with bright colors advertising Rhode Island's few licensed cannabis retailers. But go inside one of those stores and you'll be met with a sea of neutral col
Can Small Cannabis Companies In Illinois Break Into The Medical Marijuana Market? Image Cannabis NewsOctober 1, 2024 Medical marijuana patients in Illinois can now purchase cannabis grown by small businesses as part of their allotment, according to Erin Johnson, the state’s Cannabis Regulation Oversight Officer. Illinois boasts the “most diverse ca
Vermont regulators to stop accepting new retail cannabis applications next month Image Cannabis NewsSeptember 30, 2024 The state panel that regulates Vermont’s cannabis industry voted Wednesday to temporarily stop accepting applications for new retail licenses, a move that comes amid growing concerns the market has become oversaturated in some citi
US (CA): Cheech and Chong sue to overturn hemp ban Image Cannabis NewsSeptember 30, 2024 Members of the hemp industry—including Cheech and Chong's cannabis company—filed a lawsuit on Tuesday seeking to overturn new California regulations that outlaw most consumable hemp products in the state, including those containing any intoxicating cannabinoids
IRS Attorney: There Is No End Run Around 280E Image Cannabis NewsSeptember 27, 2024 Cannabis companies underpaying or withholding taxes based on presumed nullification of Internal Revenue Code Section 280E after rescheduling are setting themselves up for costly disappointment and the potential for asset seizure, according to an attorney at the Inte
Bridging the Generation Gap: Key Insights for Dispensaries and Brands Image Cannabis NewsSeptember 27, 2024 Cannabis retailers may want to reconsider their merchandise mix and sales approaches in light of a new multigenerational survey of cannabis consumers. Conducted by Sanctuary Wellness in May and released this week, the survey’s data reveals a
